JUST IN: Wealth of Mark Zuckerberg, Elon Musk Declines
The founder of Facebook, Mark Zuckerberg, has lost -0.74% of his net worth on Tuesday after Meta Platform, formerly known as Facebook Inc., slumped in value after trading hours in the capital market.
RIPPLES NIGERIA reports that Zuckerberg lost N215.48 billion ($519 million) in one day. This loss has brought his wealth down to $69.4 billion.
According to RIPPLES NIGERIA, the loss, however, was not enough to push him out of the top 15 richest people in the world, according to Forbes Billionaire Index.
As reported by RIPPLES NIGERIA, with Meta Platform’s market value down -43.5% in the last nine months, from $343.1 per share to $193.64 per share, Zuckerberg has crashed out of the top 10 billionaire ranking to 15th spot, as his company battles anti-trust cases and allegation of not curbing misinformation.
Reports show that Zuckerberg is not the only billionaire losing his fortune, as the richest man in the world, Elon Musk is also losing his wealth.
RIPPLES NIGERIA reports that Elon Musk’s wealth dwindled by -0.16% to $229.7 billion, after losing N151.5 billion ($365 million) on Tuesday due to Tesla’s share depreciating by -0.18% after trading hours.
Elon Musk’s net worth decline began shortly after his wealth surged to $315 billion in November 2021.
However, Elon Musk still retains the top spot on the richest people list.